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20110701
20110731
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CSPAN 2
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CSPAN
Jul 13, 2011 2:00am EDT
deliberately put us in debt with tax breaks, the wars in iraq and afghanistan. they have borrowed all of the money. grover norquist toll call them -- told all of them to not raise taxes under any reason, host: independent from utah. caller: thank you, c-span. our founding fathers would turn over in their graves if they found out how much money we are putting our children in the dead. but they never wanted the constitution to deal with that. guest: our current levels of debt are sustainable. they are high levels of debt, but as a percentage of gdp, it is a lot lower than greece. it is a lot lower than italy. within the last couple of days, we realize they have serious problems. i do not know if the free market and a particular vision of how high are debt would be relative to gdp. they are huge, relative to the wealth we have it. economies expand over time. we have recessions, we have lifts, and we have declines. over the long term, economies grow. our economy will be much larger 30 years from now than it is today. that does not mean we want fiscal problems or we will be able to balance
CSPAN
Jul 19, 2011 2:00am EDT
dark. paychecks for troops in afghanistan and iraq and based around the world could stop. f.a.a. towers could shut down. so could the f.b.i. and the c.i.a., border crossings could close, safety inspections of food americans eat and cargo that enters our ports could halt. literally every function of governmentould cease. social security checks, payments to our veterans. we've heard that before. there would be no discussion of which operations and personnel were essential. all the payments would very likely stop. some have said we could priorize which bills to pay. even if that wouldn't irreparably damage our nation's reputation and credit in the global economy a the globe at community, which it would, is also a complete fiction. our government won't even be able to cover the bills due on august 3. it will simply run out of money and because we'll be in default and our credit rating trashed, we'll be able to borrow the money not again to keep running, even if we wanted to. that's a picture secretary geithner painted. like i said, it's grim. many of my republican colleagues understand this
CSPAN
Jul 29, 2011 6:00am EDT
's cuts come from drawing down in afghanistan and in iraq. and while were all like to end these conflicts as soon as we possibly can, and with success, harry reid's saving assuming the cost of the war our endeavor. woman already start to draw down in both of these regions. it's almost like saying that we will save trillions of dollars by promising not to invade canada. it's never going to happen. i can't support any plan that begins with the assumption that we have to raise the debt limit and yet doesn't offer a fundamental restructuring of government spending habits. i won't do it. and while i embrace the principles of cut, cap and balance, the bill simply did not go far enough to fundamentally restructure the way that this city stands the american people's money. and it allowed for an increase in the debt limit, something i simply won't do. i also believe that we must repeal and defund obamnicare as part of any solution to our current debt crisis. by? because obamacare is the largest spending and entitlement program ever passed in our nation's history. and it is widely unpopular with pe
Search Results 0 to 2 of about 3